Lenders like property and are happy to help you borrow money to purchase it.
Home loans are a major part of any bank’s business model, and lenders are more likely to lend on residential property than any other asset class – as evidenced by the fact that they will lend a higher proportion of the value (up to 95%) and at lower interest rates than any other asset class – including commercial property.
This makes it a lot easier to borrow to invest in property than in any other asset class.
Photo credit: Dave Dugdale – Flickr image: Analyzing Financial Data.
